Brazil's Vale misses profit estimates for 4th quarter

RIO DE JANEIRO, Feb 27 (Reuters) - Brazil’s Vale SA posted net income that missed estimates in the fourth quarter of last year, the world’s largest iron ore producer said on Tuesday.

Vale said in a securities filing that net income totaled $771 million, compared with an average consensus estimate of $2.537 billion. The company had posted $525 million in profit during the same period last year.